1326 GMT - The Canadian dollar and Mexican peso look vulnerable given market optimism of a further delay to U.S. tariffs against Canada and Mexico, ING analyst Francesco Pesole says in a note. U.S. Commerce Secretary Howard Lutnick confirmed Sunday the tariffs would take effect Tuesday after an initial one-month delay, although President Trump would determine whether to implement the planned 25% level. The market is still leaning towards another delay so there appears to be "more downside risks than upside risks" for the Canadian dollar and peso, Pesole says. "We'll be looking for moves above [USD/CAD] 1.460 and [USD/MXN] 21.0 as key indicators of a pessimistic shift in sentiment." USD/CAD falls 0.1% to 1.4433. USD/MXN drops 0.3% to 20.4795. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 08:26 ET (13:26 GMT)
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